Bank of America Upgrades BTI
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British American TobaccoInvestor's Business Daily
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Business & Economics
Bank of America reinstates coverage on British American Tobacco with a buy rating
77% Informative
Bank of America reinstated coverage early Wednesday of dividend stock British American Tobacco ( BTI ) with a buy rating.
Firm expects growth opportunities in the company's smokeless tobacco products, another step in Big Tobacco's move to capitalize on new nicotine trends.
The firm's analysts wrote Wednesday that new product categories are "transforming the business" and underpinning underpinning.